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Trump suddenly speaks out to support his own people, hawks rise to power + policies become opaque, this year's volatility is likely to be at its peak.
Waller is actually pretty impressive; he knows well that there are serious disagreements within the Federal Reserve, so his debut directly announced two things.
1: Create working groups to soften disagreements
2: No more forward guidance in the future; Federal Reserve policies will basically be a blind box from now on.
Trump was quite interesting yesterday; during Waller's speech, he said: "Regarding the possibility of the Federal Reserve raising interest rates, this may happen."
This is really supporting Waller, as Waller himself is hawkish, and Trump himself put him in that position, he loves it! #沃什首秀美联储利率不变